Multiple choice

R. N. Malhotra Committee gave recommendations on the field of

  1. sick industries

  2. tax reforms

  3. insurance sector

  4. banking sector

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The R.N. Malhotra Committee (1994) was specifically formed to recommend reforms in the insurance sector, which led to the eventual opening of the insurance industry to private players. The committee's recommendations paved the way for the Insurance Regulatory and Development Authority (IRDA) Act of 1999.